Kinross Gold (KGC)
Market Price (3/30/2026): $28.76 | Market Cap: $34.7 BilSector: Materials | Industry: Gold
Kinross Gold (KGC)
Market Price (3/30/2026): $28.76Market Cap: $34.7 BilSector: MaterialsIndustry: Gold
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 7.4% | Stock price has recently run up significantly12M Rtn12 month market price return is 132% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37% | Key risksKGC key risks include [1] operational headwinds leading to higher all-in sustaining costs and [2] potential permitting delays for significant development projects, Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%, CFO LTM is 3.8 Bil, FCF LTM is 2.6 Bil | |
| Low stock price volatilityVol 12M is 50% | |
| Megatrend and thematic driversMegatrends include Precious Metals & Global Resources. Themes include Gold Mining & Production, and Sustainable Mining Practices. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 7.4% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 46% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%, CFO LTM is 3.8 Bil, FCF LTM is 2.6 Bil |
| Low stock price volatilityVol 12M is 50% |
| Megatrend and thematic driversMegatrends include Precious Metals & Global Resources. Themes include Gold Mining & Production, and Sustainable Mining Practices. |
| Stock price has recently run up significantly12M Rtn12 month market price return is 132% |
| Key risksKGC key risks include [1] operational headwinds leading to higher all-in sustaining costs and [2] potential permitting delays for significant development projects, Show more. |
Qualitative Assessment
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1. Macroeconomic Tailwinds from Surging Gold Prices. The price of gold experienced a significant rally, reaching an all-time high of $5,595 per ounce in January 2026. Despite a subsequent pullback, gold was trading above $4,400 per ounce as of March 2026, creating a highly favorable operating environment that boosted Kinross Gold's revenue and margins.
2. Strong 2025 Financial Performance Exceeding Expectations. Kinross Gold reported record financial results for the full year 2025, including a record $2.5 billion in free cash flow, representing an 85% increase year-over-year, and adjusted net earnings of $1.84 per share, more than double the prior year. The company's fourth-quarter 2025 adjusted EPS of $0.67 surpassed analyst expectations of $0.5784 by 15.84%.
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Stock Movement Drivers
Fundamental Drivers
The 2.4% change in KGC stock from 11/30/2025 to 3/29/2026 was primarily driven by a 24.2% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.08 | 28.74 | 2.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,444 | 7,051 | 9.4% |
| Net Income Margin (%) | 27.3% | 33.9% | 24.2% |
| P/E Multiple | 19.4 | 14.5 | -25.2% |
| Shares Outstanding (Mil) | 1,215 | 1,207 | 0.7% |
| Cumulative Contribution | 2.4% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| KGC | 2.4% | |
| Market (SPY) | -5.3% | 30.9% |
| Sector (XLB) | 10.0% | 58.8% |
Fundamental Drivers
The 37.9% change in KGC stock from 8/31/2025 to 3/29/2026 was primarily driven by a 34.6% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.85 | 28.74 | 37.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,074 | 7,051 | 16.1% |
| Net Income Margin (%) | 25.2% | 33.9% | 34.6% |
| P/E Multiple | 16.7 | 14.5 | -13.1% |
| Shares Outstanding (Mil) | 1,226 | 1,207 | 1.6% |
| Cumulative Contribution | 37.9% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| KGC | 37.9% | |
| Market (SPY) | 0.6% | 31.1% |
| Sector (XLB) | 7.1% | 48.5% |
Fundamental Drivers
The 170.5% change in KGC stock from 2/28/2025 to 3/29/2026 was primarily driven by a 122.5% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.63 | 28.74 | 170.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,849 | 7,051 | 45.4% |
| Net Income Margin (%) | 15.2% | 33.9% | 122.5% |
| P/E Multiple | 17.7 | 14.5 | -17.9% |
| Shares Outstanding (Mil) | 1,229 | 1,207 | 1.9% |
| Cumulative Contribution | 170.5% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| KGC | 170.5% | |
| Market (SPY) | 9.8% | 19.9% |
| Sector (XLB) | 12.4% | 33.8% |
Fundamental Drivers
The 726.0% change in KGC stock from 2/28/2023 to 3/29/2026 was primarily driven by a 225.5% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.48 | 28.74 | 726.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,994 | 7,051 | 135.5% |
| P/S Multiple | 1.5 | 4.9 | 225.5% |
| Shares Outstanding (Mil) | 1,300 | 1,207 | 7.7% |
| Cumulative Contribution | 726.0% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| KGC | 726.0% | |
| Market (SPY) | 69.4% | 23.7% |
| Sector (XLB) | 26.8% | 33.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KGC Return | -19% | -28% | 52% | 56% | 206% | -1% | 319% |
| Peers Return | 44% | -0% | -3% | 10% | 107% | 9% | 246% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| KGC Win Rate | 42% | 25% | 75% | 67% | 83% | 67% | |
| Peers Win Rate | 50% | 56% | 58% | 50% | 78% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| KGC Max Drawdown | -30% | -46% | -16% | -21% | 0% | -6% | |
| Peers Max Drawdown | -13% | -28% | -22% | -21% | -9% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEM, GOLD, AEM. See KGC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | KGC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -62.6% | -25.4% |
| % Gain to Breakeven | 167.3% | 34.1% |
| Time to Breakeven | 713 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -41.8% | -33.9% |
| % Gain to Breakeven | 71.8% | 51.3% |
| Time to Breakeven | 31 days | 148 days |
| 2018 Correction | ||
| % Loss | -50.3% | -19.8% |
| % Gain to Breakeven | 101.2% | 24.7% |
| Time to Breakeven | 267 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -71.5% | -56.8% |
| % Gain to Breakeven | 250.4% | 131.3% |
| Time to Breakeven | 6,197 days | 1,480 days |
Compare to NEM, GOLD, AEM
In The Past
Kinross Gold's stock fell -62.6% during the 2022 Inflation Shock from a high on 5/17/2021. A -62.6% loss requires a 167.3% gain to breakeven.
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About Kinross Gold (KGC)
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```htmlKinross Gold is like a global ExxonMobil, but instead of oil, they explore for, develop, and extract gold from mines worldwide.
```AI Analysis | Feedback
- Gold: The primary precious metal extracted, processed, and sold from its mining operations.
- Silver: A secondary precious metal produced and sold, often found in conjunction with gold ores.
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Kinross Gold Corporation (KGC), as a gold and silver producer, sells its output primarily to other companies rather than directly to individual consumers. Due to the highly liquid and global nature of the precious metals market, and the fact that gold and silver are commodities, mining companies typically do not disclose specific major customers by name, as sales are made into the open market at prevailing prices.
Instead, Kinross Gold's primary customers fall into the following categories of companies:
- Bullion Banks and Major Financial Institutions: These institutions purchase refined gold and silver bullion for their own inventories, for trading purposes, or to facilitate transactions for their clients (such as institutional investors, central banks, or other industrial users). They act as key intermediaries in the global precious metals market.
- Precious Metals Refineries: Kinross Gold often sells its gold and silver dore (unrefined alloy bars produced at the mine site) to third-party precious metals refineries. These refineries process the dore into high-purity gold and silver bullion, which is then typically sold on to bullion banks or directly into the market.
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Paul Rollinson, Chief Executive Officer
Paul Rollinson was appointed Chief Executive Officer of Kinross Gold on August 1, 2012, having initially joined the company in September 2008 as Executive Vice-President, New Investments. Prior to Kinross, he had a distinguished career in investment banking, most recently serving as Deputy Head of Investment Banking at Scotia Capital, where his work encompassed the mining, industrials, forestry, power, and utility sectors. He began his professional journey as an exploration geologist.
Andrea S. Freeborough, Executive Vice-President and Chief Financial Officer
Andrea S. Freeborough assumed the role of Chief Financial Officer on May 1, 2019, and was promoted to Executive Vice-President in October 2021. She joined Kinross in 2009 and has held several key finance positions within the company, including Vice-President, Investor Relations and Corporate Development, and Vice-President, Corporate Controller. Ms. Freeborough is recognized for her strong background in financial reporting, business processes, mergers and acquisitions (M&A), and investor relations. Before Kinross, she spent 11 years at KPMG, reaching the position of Associate Partner, where she primarily worked in audit practice and as an IFRS specialist in London. She was also a member of the deal team for Kinross's $7.1 billion acquisition of Red Back Mining in 2010.
Geoff Gold, President
Geoff Gold was appointed President of Kinross Gold in January 2024. He joined the company in May 2006 and previously served as Executive Vice-President and Chief Legal Officer, a position he was appointed to in March 2008. Mr. Gold brings over 30 years of experience in the mining industry, including more than 10 years as Vice-President, Assistant Secretary, and Associate General Counsel for Placer Dome. He also practiced law for six years with the Vancouver firm of Bull, Housser & Tupper LLP.
Claude Schimper, Executive Vice-President and Chief Operating Officer
Claude Schimper was appointed Executive Vice-President and Chief Operating Officer, effective July 29, 2022. With over 30 years of mining experience, he initially joined Kinross in 2010 and held various senior operational roles, including Executive Vice-President, Operations for the Russia and West Africa regions, and Vice-President and General Manager of Kupol. Prior to Kinross, Mr. Schimper served as Chief Operating Officer for Balkan Resources Inc., and held positions at Placer Dome and AngloGold Ashanti's Mponeng gold mine.
Ryan Latinovich, Executive Vice-President, Corporate Development
Ryan Latinovich was appointed Executive Vice-President, Corporate Development in February 2025. In this role, he is responsible for overseeing all Corporate Development activities for Kinross.
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Kinross Gold (symbol: KGC) faces several key risks to its business:
- Commodity Price Volatility: The company's financial performance, including revenue, profitability, and cash flow, is highly sensitive to fluctuations in the price of gold. A significant decline in gold prices would directly and negatively impact Kinross Gold's financial results.
- Higher Production Costs/Cost Inflation: Kinross Gold is exposed to headwinds from increasing production costs, including its all-in sustaining costs (AISC). Rising operational expenses can put pressure on the company's profit margins, even during periods of elevated gold prices.
- Operational Headwinds and Production Growth Concerns: Challenges in maintaining or increasing gold production levels, along with potential permitting delays for new development projects, pose a risk to Kinross Gold's future growth. While the company has diversified its operations by divesting higher-risk assets, effectively executing new projects and offsetting declining reserves are ongoing concerns.
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The emergence of cryptocurrencies, particularly Bitcoin, as an alternative store of value and digital safe-haven asset could pose an emerging threat to Kinross Gold. As investors increasingly allocate capital to these digital assets, they may divert funds that would traditionally have flowed into physical gold or gold-backed investments, potentially impacting gold demand and price stability over the long term. This parallels historical disruptions where new technologies or asset classes offer an alternative to established ones.
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Addressable Markets for Kinross Gold (KGC) Main Products
Kinross Gold Corporation's main products are gold and silver. The addressable markets for these products are global.
Global Gold Market
The global gold market size is estimated to be valued at approximately USD 1308.43 billion in 2026, with projections to reach USD 1878.48 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 4.1% from 2026 to 2035. Another estimate places the global gold market at USD 291.68 billion in 2024, anticipated to reach USD 400 billion by 2030, with a CAGR of 6.51% from 2025-2030.
In terms of volume, the global gold market stood at 4,890.0 tons in 2025 and is expected to increase from 5,118.1 tons in 2026 to 7,424.4 tons by 2034, demonstrating a CAGR of 4.70% during this forecast period. Similarly, the market is expected to grow from 4.75 kilotons in 2025 to 5.1 kilotons in 2026, with a forecast to reach 7.25 kilotons by 2031 at a 7.30% CAGR over 2026-2031. Asia Pacific dominated the gold market with a market share of 65.54% in 2025.
Global Silver Market
The global silver market size was valued at USD 23.51 billion in 2025 and is projected to reach USD 36.51 billion by 2035, expanding at a CAGR of 4.50% during the forecast period of 2026-2035. Other estimations indicate the global silver market size was valued at USD 87.12 billion in 2024 and is projected to grow to USD 202.07 billion by 2033, exhibiting a CAGR of 9.86% from 2025-2033. Another report estimates the global silver market size at USD 21.21 billion in 2024, anticipated to reach USD 21.91 billion in 2025 and USD 28.43 billion by 2033, with a CAGR of 3.31% from 2025 to 2033. The rising demand for silver is significantly driven by industrial usage, particularly in photovoltaics, electric vehicles, and 5G electronics.AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Kinross Gold (KGC)
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Sustained Gold Production from Core Operations: Kinross Gold anticipates maintaining a stable output of approximately 2.0-2.3 million attributable gold equivalent ounces annually for 2026, 2027, and 2028. This consistent production volume from its diversified portfolio of mines establishes a foundational base for future revenue.
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Favorable Gold Price Environment: A sustained or rising gold price environment is a significant driver for Kinross Gold's revenue and margin expansion. The company's strong financial performance and record margins have been closely tied to higher realized gold prices.
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Development and Commencement of New U.S. Organic Growth Projects: Kinross is actively proceeding with the construction of three organic growth projects in its U.S. portfolio: Round Mountain Phase X, Bald Mountain Redbird 2, and the Kettle River–Curlew project. While major production from these projects is slated to commence around 2028, their ongoing development over the next 2-3 years is critical for adding approximately 3 million ounces of life-of-mine production, extending mine lives well into the 2030s, and contributing to future revenue growth.
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Operational Optimization and Grade Enhancement Initiatives: Ongoing efforts at existing mines, particularly Tasiast, focus on mine plan optimization and grade enhancement. These initiatives aim to maintain competitive costs and improve production efficiency, thereby maximizing the value extracted from current operations and supporting revenue generation by offsetting cost pressures through increased profitability per ounce.
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Share Repurchases
- Kinross reactivated its share buyback program in April 2025 and repurchased approximately $600.3 million in shares as of December 31, 2025.
- On March 19, 2025, Kinross renewed its Normal Course Issuer Bid (NCIB) program, authorizing the repurchase of up to 110,350,160 common shares (10% of its public float) between March 24, 2025, and March 23, 2026.
- In 2026, Kinross is targeting 40% of free cash flow to be allocated to shareholders through both share buybacks and dividends.
Share Issuance
No significant share issuances were identified over the last 3-5 years.
Inbound Investments
- Norges Bank purchased a new stake in Kinross Gold worth approximately $389.0 million in the second quarter of 2025.
- Korea Investment CORP increased its holdings in Kinross Gold by 372.4% in the third quarter of 2025, purchasing 2,597,455 shares valued at roughly $81.8 million.
- Quadrature Capital Ltd acquired a new position of 3,232,200 shares in Kinross Gold in the third quarter of 2025, valued at approximately $80.3 million.
Outbound Investments
- In 2022, Kinross acquired the Great Bear project in Canada.
- Kinross sold its Russian operations in 2022.
- In February 2025, Kinross made a strategic investment in Relevant Gold Corp., acquiring 15,410,000 common shares for C$4,623,000, increasing its ownership to approximately 19.9% (or 21.8% on a partially diluted basis with warrants).
Capital Expenditures
- Kinross's capital expenditures for fiscal years ending December 2021 to 2025 averaged $1.429 billion.
- Forecast attributable capital expenditures for 2026 are $1.5 billion (+/- 5%), with a $350.0 million increase primarily for non-sustaining capital to support the production profile in the 2030s.
- The company is advancing three major U.S. projects (Round Mountain Phase X, Bald Mountain Redbird 2, and Kettle River-Curlew) with a total expected investment of nearly $1.4 billion, aiming to extend mine life and lower long-term costs.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.76 |
| Mkt Cap | 65.8 |
| Rev LTM | 13,793 |
| Op Inc LTM | 4,767 |
| FCF LTM | 3,414 |
| FCF 3Y Avg | 1,795 |
| CFO LTM | 5,289 |
| CFO 3Y Avg | 3,532 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 40.3% |
| Rev Chg 3Y Avg | 26.6% |
| Rev Chg Q | 51.6% |
| QoQ Delta Rev Chg LTM | 11.1% |
| Op Mgn LTM | 47.2% |
| Op Mgn 3Y Avg | 29.9% |
| QoQ Delta Op Mgn LTM | 4.4% |
| CFO/Rev LTM | 49.5% |
| CFO/Rev 3Y Avg | 40.3% |
| FCF/Rev LTM | 34.0% |
| FCF/Rev 3Y Avg | 18.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 65.8 |
| P/S | 4.9 |
| P/EBIT | 12.0 |
| P/E | 18.7 |
| P/CFO | 10.0 |
| Total Yield | 6.3% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 6.7% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -22.7% |
| 3M Rtn | 1.3% |
| 6M Rtn | 19.9% |
| 12M Rtn | 98.6% |
| 3Y Rtn | 212.7% |
| 1M Excs Rtn | -13.8% |
| 3M Excs Rtn | 10.7% |
| 6M Excs Rtn | 25.8% |
| 12M Excs Rtn | 90.9% |
| 3Y Excs Rtn | 160.8% |
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tasiast | 3,059 | 3,082 | 2,973 | 2,912 | 2,700 |
| Paracatu | 2,028 | 1,973 | 1,974 | 2,017 | 2,226 |
| Fort Knox | 1,650 | 1,334 | 826 | 750 | 720 |
| Great Bear | 1,596 | 1,498 | 1,401 | ||
| Corporate and other | 909 | 892 | 1,259 | 1,532 | 2,076 |
| Round Mountain | 688 | 731 | 827 | 1,074 | 1,028 |
| La Coipa | 511 | 520 | 637 | ||
| Bald Mountain | 424 | 513 | 500 | 586 | 857 |
| Single Segment | 10,543 | ||||
| Chirano | 407 | 430 | |||
| Discontinued operations | 1,151 | ||||
| Kupol | 897 | ||||
| Total | 10,866 | 21,087 | 10,396 | 10,428 | 10,933 |
Price Behavior
| Market Price | $28.74 | |
| Market Cap ($ Bil) | 34.7 | |
| First Trading Date | 10/19/1994 | |
| Distance from 52W High | -24.4% | |
| 50 Days | 200 Days | |
| DMA Price | $33.15 | $25.12 |
| DMA Trend | up | up |
| Distance from DMA | -13.3% | 14.4% |
| 3M | 1YR | |
| Volatility | 61.6% | 50.1% |
| Downside Capture | 1.32 | 0.33 |
| Upside Capture | 281.43 | 127.31 |
| Correlation (SPY) | 30.1% | 19.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.67 | 0.46 | 0.66 | 0.99 | 0.40 | 0.62 |
| Up Beta | -0.22 | -0.99 | -0.27 | 0.70 | 0.44 | 0.43 |
| Down Beta | 0.24 | -1.42 | -0.98 | -0.50 | 0.16 | 0.59 |
| Up Capture | 291% | 344% | 297% | 336% | 138% | 160% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 12 | 27 | 39 | 79 | 156 | 427 |
| Down Capture | 249% | 60% | 87% | 112% | -8% | 63% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 8 | 12 | 20 | 43 | 91 | 307 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KGC | |
|---|---|---|---|---|
| KGC | 137.8% | 49.9% | 1.90 | - |
| Sector ETF (XLB) | 14.6% | 20.9% | 0.55 | 33.7% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 19.0% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 75.5% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 32.1% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 17.0% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 13.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KGC | |
|---|---|---|---|---|
| KGC | 35.4% | 43.5% | 0.83 | - |
| Sector ETF (XLB) | 6.7% | 18.9% | 0.25 | 40.9% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 30.0% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 68.4% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 30.4% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 29.7% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 17.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KGC | |
|---|---|---|---|---|
| KGC | 26.1% | 47.7% | 0.67 | - |
| Sector ETF (XLB) | 10.1% | 20.6% | 0.44 | 26.0% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 17.9% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 67.1% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 23.6% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 18.2% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 13.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/04/2025 | 6-K |
| 06/30/2025 | 07/30/2025 | 6-K |
| 03/31/2025 | 05/06/2025 | 6-K |
| 12/31/2024 | 03/27/2025 | 40-F |
| 09/30/2024 | 11/05/2024 | 6-K |
| 06/30/2024 | 07/31/2024 | 6-K |
| 03/31/2024 | 05/08/2024 | 6-K |
| 12/31/2023 | 03/27/2024 | 40-F |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/02/2023 | 6-K |
| 03/31/2023 | 05/10/2023 | 6-K |
| 12/31/2022 | 03/31/2023 | 40-F |
| 09/30/2022 | 11/09/2022 | 6-K |
| 06/30/2022 | 07/27/2022 | 6-K |
| 03/31/2022 | 05/10/2022 | 6-K |
| 12/31/2021 | 03/31/2022 | 40-F |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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